Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of $$52,000.$ In return, for the next year, the firm would have access to $8$ hours of

her time every month. Smith's rate is $$542$ per hour, and her opportunity cost of capital is $13\%($equivalent annual rate, EAR$).$ What is the IRR $($annual$)?$ What does the IRR rule advise regarding

this opportunity? What is the NPV$?$ What does the NPV rule say about this opportunity?

The IRR $($annual$)$ is $\%.($Round to two decimal places.$)$